MarketChess
Showing articles 4721 - 4730 (6577 total)
22Mar12:46 pmEST
Open to a Run in Late-March
The cybersecurity plays have categorically underperformed for a good while now, throwing a wet blanket on the thesis of an imminent bull run for the sector leaving investors in the dust. That said, CYBR has enjoyed a sharp rally in recent sessions. FEYE is underwhelming today, as are IMPV BLOX PFPT. But SPLK is on the radar due to its tight...
22Mar10:56 amEST
Who's Watching?
Previously beaten-down and lagging parts of the market, namely AAPL and biotech/pharma, are leading the market's reversal off a soft open in the wake of the Brussels attacks overnight. You might say that the market is doing its best to frustrate just about most traders here, as shorts are not picking up much steam and fresh long entries are few...
21Mar5:06 pmEST
Stock Market Recap 03/21/16 {Video}
The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...
21Mar3:17 pmEST
Apple's Elephant Rally
AAPL's rally of late may very well be a microcosm for what we have seen in general since February, albeit at a much slower place. On the daily chart, below, Apple made it back to $105, a prior level of significance, before shooting up and then reversing off today's event. Still, you can see the overall technical damage has not yet been healed,...
21Mar1:03 pmEST
The Missing Link to Solve This Case
After a slow morning, the indices are drifting while biotechnology benefits from a rotation down. Commodities are largely in digestion mode, save sugar remarkable rally continuing--We have our eyes on corn, too. And are stalking this consolidation in coffee closely. As for the precious metals and mining complex, the missing link to solve the...
21Mar10:45 amEST
Underwater Green
Valeant is looking to punish some overly-ambitious shorts this morning, with VRX up nearly 15% as I write this in a flattish broad market trading session, thus far. On the 30-minute chart, below, note that price is back up to what should be an initial difficult level. Above $31.50 today, and I suspect we could see a continuation of a squeeze....
20Mar3:21 pmEST
Weekend Overview and Analysis 03/20/16 {Video}
The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. Please click here for more...
20Mar12:46 pmEST
Sunday Matinée at Market Chess Cinemas
Nearly twenty-five years later, I can vividly remember sitting in a theater being mesmerized by the cinematography in the film, A River Runs Through It (1992). Based on the true story of Norman Maclean’s life in Missoula, Montana, Robert Redford directs a gripping period piece about fly fishing and the different paths that two brothers take...
18Mar2:48 pmEST
Leave the Gun. Take the Steak
Bulls continue to defy top-callers as we work through the late-afternoon portion of today's session. I am mostly looking to stay out of trouble on the short side, for now, until I see some more meaningful signs of buyers losing their grip on the action. While some sectors like regional banks are well off session highs, biotech has staged a...
18Mar1:10 pmEST
This Bear Claw Recipe Calls for Bittersweet Chips
The vertical rally in the semiconductors is suddenly closing in on a major resistance trendline dating back to last Memorial Day, when the chips seemed unstoppable. As we know, however, that proved to be anything but the case, as the semis topped out and trapped a plethora of longs near $60, on the SMH sector ETF. Since then, the semis...
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“chessNwine” has been a popular trader and financial blogger since 2009. His work has appeared in The Wall Street Journal Online Edition, Yahoo Finance, TheStreet.com, Josh Brown’s The Reformed Broker blog, AbnormalReturns.com, Barry Ritholtz’s The Big Picture blog, and the “Suggested” stream on Stocktwits.com.
